GRANDICH ON GOLD: “FEAR HAS TOTALLY GRIPPED PEOPLE—TO TRY TO EXPLAIN THE FUNDAMENTALS WOULD BE USELESS”

I had the chance to reconnect today with Peter Grandich, publisher of The Grandich Letter, for a powerful conversation on the gold market. Peter has issued spot-on market calls for decades now, beginning with the 87′ market crash, gold in 2003, and the stock market bottom in 2009.
Wednesday morning Peter issued a major new call entitled, “Gold ($1225) Bottom In Sight“, calling for a bottom in gold—likely within the next 48 hours. The thrust of that call is being led by cycles, sentiment, and market manipulation.
In discussing his new call, Peter indicated that, “Some [market] technical work came up this morning in a way that I haven’t seen in years…I’m an old fan of ‘Gann Angles’, [and] the combination of that, cycles work, and some sentiment indicators—suggested to me that within a couple of trading days…we would [see] a major bottom in the price [of gold].”